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Totino's™ Pizza Rolls™ Snacks and Pete Davidson are Saving Football Fans from Flat Delivery Pizza
Businesswire· 2024-01-08 14:00
MINNEAPOLIS--(BUSINESS WIRE)--As the Big Game approaches, Totino’s™ Pizza Rolls™ is making a bold play to rescue football fans from disappointing pizza delivery experiences in a new ad campaign airing during playoff season. In partnership with comedian and actor Pete Davidson, Totino’s aims to dethrone traditional flat pizza and help fans experience game day with Pizza Rolls snacks that are a touchdown in every bite. While pizza remains the undisputed champion of the Big Game and topping the list of most ...
General Mills(GIS) - 2024 Q2 - Earnings Call Transcript
2023-12-20 17:04
General Mills, Inc. (NYSE:GIS) Q2 2024 Earnings Call Transcript December 20, 2023 9:00 AM ETCompany ParticipantsJeff Siemon - VP, IR & TreasurerJeff Harmening - Chairman and CEOKofi Bruce - CFOConference Call ParticipantsDavid Palmer - Evercore ISIAndrew Lazar - BarclaysKen Goldman - JPMorganNik Modi - RBC Capital MarketsPamela Kaufman - Morgan StanleyMatthew Smith - StifelMichael Lavery - Piper SandlerChris Carey - Wells Fargo SecuritiesOperatorGreetings and welcome to the General Mills Second Quarter F ‘2 ...
General Mills(GIS) - 2024 Q2 - Quarterly Report
2023-12-19 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission file number: 001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Number One General Mills Boulevard Minneapolis, Minnesota 55426 (Address of principal executive offices) (Zip Code) (763) 764-7600 (Registrant's telephone number, including ...
General Mills(GIS) - 2024 Q1 - Quarterly Report
2023-09-20 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDEDAUGUST 27, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number:001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or othe ...
General Mills(GIS) - 2024 Q1 - Earnings Call Transcript
2023-09-20 15:31
General Mills, Inc. (NYSE:GIS) Q1 2024 Earnings Conference Call September 20, 2023 9:00 AM ET Company Participants Jeff Siemon - Vice President of Investor Relations Jeff Harmening - Chairman and Chief Executive Officer Jon Nudi - Group President, North America Retail Kofi Bruce - Chief Financial Officer Conference Call Participants Ken Goldman - JPMorgan Robert Moskow - TD Cowen Andrew Lazar - Barclays Jason English - Goldman Sachs Chris Carey - Wells Fargo Securities Rob Dickerson - Jefferies Max Gumport ...
General Mills, Inc. (GIS) Barclays 2023 Global Consumer Staples Conference (Transcript)
2023-09-06 08:08
https://reportify-1252068037.cos.ap-beijing.myqcloud.com/media/production/s_m_content_b26e448759e2edad2916c0a836fa22ee.html ...
General Mills(GIS) - 2023 Q4 - Earnings Call Transcript
2023-06-28 15:36
General Mills, Inc. (NYSE:GIS) Q4 2023 Earnings Conference Call June 28, 2023 9:00 AM ET Company Participants Jeff Siemon - VP of IR Jeff Harmening - Chairman and CEO Kofi Bruce - CFO Jon Nudi - Group President, North America Retail Conference Call Participants John Baumgartner - Mizuho Securities Ken Goldman - JPMorgan Andrew Lazar - Barclays Pamela Kaufman - Morgan Stanley David Palmer - Evercore ISI Max Gumport - BNP Paribas Matthew Smith - Stifel Bryan Spillane - Bank of America Chris Carey - Wells Farg ...
General Mills(GIS) - 2023 Q4 - Earnings Call Presentation
2023-06-28 14:46
Fiscal 2023 Q4 Earnings June 28, 2023 ...
General Mills(GIS) - 2023 Q4 - Annual Report
2023-06-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDEDMAY 28, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________ Commission file number:001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or othe ...
General Mills, Inc. (GIS) Deutsche Bank - dbAccess Global Consumer Conference (Transcript)
2023-06-07 16:15
Summary of General Mills, Inc. Conference Call Company Overview - **Company**: General Mills, Inc. (NYSE: GIS) - **Event**: Deutsche Bank - dbAccess Global Consumer Conference - **Date**: June 7, 2023 - **Participants**: Jeff Harmening (Chairman and CEO), Steve Powers (Deutsche Bank) Key Industry Insights - **Current Market Conditions**: General Mills reported double-digit growth in its categories, with a Nielsen growth rate of 11% in North America Retail for Q4, down from 14% in the previous six months, but still strong [4][5] - **Market Share**: The company has gained market share in over 60% of its categories for the past four years, with this year seeing about 70% [4] - **Pricing Trends**: There is a noted slowdown in pricing due to declining inflation, with a 23% inflation over the last two years. Pricing increases were implemented in March across most product lines [12][13][14] - **Promotional Levels**: Promotional frequency has decreased by 15% to 20% since before the pandemic, but is expected to increase as inflation diminishes [14][15] Strategic Priorities - **Accelerate Strategy**: The company emphasizes the importance of prioritization in its strategy, focusing on core categories, M&A opportunities, and ESG initiatives [22][23] - **Productivity Focus**: A return to productivity efforts, termed holistic margin management, is planned as supply chains normalize [7][10] - **M&A Activity**: General Mills is looking for acquisition opportunities and potential divestitures to shape its portfolio [6][23] Financial Performance - **EBITDA Recovery**: The company is experiencing a rapid recovery in EBITDA, which is expected to positively impact the business [11] - **Investment in Innovation**: Continued investment in consumer innovation and data analytics is planned, with a focus on maintaining profitability while expanding capabilities [25][26] Sustainability Initiatives - **Standing for Good**: General Mills has a long-standing commitment to sustainability, focusing on reducing greenhouse gas emissions, promoting regenerative agriculture, and minimizing plastic waste [28][30][31] - **Consumer Engagement**: The company's sustainability efforts resonate with consumers and employees, enhancing brand loyalty and employee retention [32] Business Segment Performance - **North American Retail**: Accounts for approximately 75% of sales, with solid growth but some pressure on volumes due to pricing [33] - **Pet Food Segment**: Blue Buffalo is expected to lead growth, with challenges in the wet pet food category due to consumer behavior changes [52][55] - **Food Service Business**: A $2 billion segment that has shown resilience, particularly in K-12 schools and colleges [61][63] - **International Markets**: Growth strategies have been adjusted, focusing on profitable categories and divesting non-core businesses [66][68] Future Outlook - **Growth Projections**: General Mills aims for a 2% to 3% growth rate in a normalized environment, with potential for additional growth through M&A [72][73] - **Market Conditions**: The company is prepared for a volatile environment but believes its agility will allow it to navigate challenges effectively [78] Conclusion - **Investor Confidence**: General Mills is committed to its Accelerate strategy, focusing on agility, innovation, and sustainability to drive future growth and shareholder value [77][78]